Novoloop Raises $21 Million Series B Funding Led by Taranis to Scale Circular Performance Materials
Novoloop, a pioneer in advanced chemical recycling, announced today the successful close of its Series B funding round, led by Taranis. The investment will accelerate Novoloop’s commercial scale-up of its proprietary Lifecycling™ technology, which transforms post-consumer polyethylene into high-performance polyol and polyurethane, and support the launch of key customer programs.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250624087075/en/
Novoloop successfully closes series B funding round led by Taranis
This latest funding round brings Novoloop’s total capital raised to over $50 million and marks a continuation of the company’s significant momentum—demonstrated by achieving continuous operations at its demonstration plant in India, strategic partnerships with world-leading polyurethane producers in China, and progress toward siting its first commercial facility. With continued backing from existing investor Valo Ventures, the round also welcomed new investment from SHOP Limited, the Family Office of the Bata Shoe Company.
“We are thrilled to partner with Taranis, whose deep commitment in plastic circularity and industrial decarbonization aligns with our ambition to scale Lifecycling™ globally,” said Miranda Wang, CEO and Co-Founder of Novoloop. “This round positions us to meet growing demand from a wider supply chain seeking circular and cost-competitive polyurethanes through the industrial scale-up of our first-of-a-kind technology.”
Taranis brings deep operational and technical expertise in scaling pioneering industrial technologies and solutions that enable the circular transformation of hard-to-abate sectors. The investment affirms Novoloop’s role at the forefront of circular materials innovation and recognizes its unique ability to deliver scalable impact by displacing fossil-based inputs in everyday products.
“As the world looks to decarbonize materials and eliminate waste, Novoloop offers a breakthrough solution for upcycling polyethylene—one of the hardest plastics to recycle,” said David Sorin, Managing Director of Taranis. “Their technology fits within our mission to decarbonize heavy industries and scale circular infrastructure. We are proud to back the team in building a more circular, low-carbon plastics economy.”
About Novoloop
Novoloop is a circular innovation company transforming hard-to-recycle plastics with its proprietary Lifecycling™ technology. By chemically upcycling post-consumer polyethylene into high-performance, low-carbon polyols and polyurethanes, Novoloop enables sustainable materials for applications in footwear, apparel, automotive, and more. Founded in 2015 and based in California, the company has raised over $50 million and holds 50 granted and pending patents across 18 regions. Novoloop’s Lifecycled™ TPU debuted in On’s Cloudprime sneaker in 2022, and in 2025, the company was named one of TIME’s World’s Top Greentech Companies. Learn more at novoloop.com.
About Taranis
Taranis is an investment and impact project development entity of the Perenco Group. Its mission is to research, finance and operate innovative initiatives in the fields of sustainable energy, carbon management and nature-based solutions. Drawing on Perenco's industrial expertise, Taranis aims to reconcile economic performance and environmental responsibility, while generating a tangible social impact. For more information, visit taranis.eu.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250624087075/en/
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Newpark Fluids Systems Strengthens Executive Leadership and Board to Drive Continued Growth25.6.2025 21:39:00 CEST | Press release
Newpark Fluids Systems (“Newpark” or the “Company”), a leading global independent provider of drilling and completion fluids solutions, and SCF Partners (“SCF”) are pleased to announce several key additions to the Company’s executive leadership and Board of Directors. These strategic appointments, along with significant capital investments, including the development of a leading liquid mud facility in West Texas and a new technology center of excellence in Saudi Arabia, underscore Newpark’s commitment to operational excellence, customer value, and accelerated global growth following its acquisition in 2024. Nathan Snoke has joined Newpark Fluids Systems as Senior Vice President, Western Hemisphere bringing nearly two decades of predominantly North American oilfield experience to his role, most recently holding operational and commercial leadership positions with Halliburton and Flotek. He has worked across every major U.S. shale play—from the Rockies and Permian to the Marcellus and Ha
Intelsat Partners with Whitaker Peace & Development Initiative to Expand Access to Education in East Africa25.6.2025 21:00:00 CEST | Press release
Satellite-powered connectivity will support enhanced online education in conflict-affected regions in South Sudan and Uganda Intelsat, operator of one of the world’s largest integrated satellite and terrestrial networks, announced today a groundbreaking partnership with Academy Award-winning actor and humanitarian Forest Whitaker’s nonprofit, the Whitaker Peace & Development Initiative (WPDI), to revolutionize access to education in conflict-affected regions across Africa. The collaboration will deliver for the first time high-speed internet connectivity to WPDI’s Community Learning Centers in South Sudan and Uganda, creating digital bridges to education for thousands of young people in areas where infrastructure has been insufficient or compromised. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250625237871/en/ This unprecedented effort will bring reliable internet access to communities where traditional connectivity infra
Breakthrough in Patient-Derived Stem Cells for Therapeutic Regenerative Medicine25.6.2025 20:00:00 CEST | Press release
Minerva Biotechnologies published, “The Wnt pathway induces a naïve-like subpopulation in primed stem cells, while NME7AB leads to a homogeneous naïve-like population,” in the journal PLOS One, https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0325997 These studies shed light on the scientific controversy of whether activation of the Wnt/β-catenin pathway induces human stem cell pluripotency or differentiation. The literature is replete with contradictory conclusions, based on what appear to be sound scientific studies. Others reported that low levels of β-catenin skew differentiation down neuroectoderm, whereas high levels favor differentiation down mesendoderm. Recently two research groups independently found that “boosting” β-catenin just prior to differentiation improved differentiation of both neuroectoderm and mesendoderm. Unexpectedly, our studies found that, in the absence of other growth factors, activation of the Wnt/β-catenin pathway induced two segregated po
IFF’s 2024 Do More Good Report Highlights Progress in Sustainability and Innovation25.6.2025 17:00:00 CEST | Press release
The company continues to deliver sustainable solutions that helped customers and consumers avoid 27.3 million metric tons of CO₂e emissions in 2024. IFF (NYSE: IFF)—a global leader in flavors, fragrances, food ingredients, health, and biosciences—has released its 2024 Do More Good Report which showcases a year of meaningful progress, transformative innovation, and commitment to people and the planet. The report highlights key accomplishments across the organization and emphasizes the impact of IFF’s sustainable solutions through four core pillars, aligned with its new theme, 'The Science of Possible': Conscious Sourcing, Intentional Innovation, Partnerships of Impact, and Operating for the Future. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250625701433/en/ “We’re working to bring the best of science, creativity and heart to everything we do,” said Erik Fyrwald, IFF CEO. “This report is more than a record of progress — it
Moody’s fully acquires ICR Chile, solidifying its leading position in key Latin American markets25.6.2025 15:00:00 CEST | Press release
Moody’s Corporation (NYSE:MCO) announced today that it has fully acquired ICR Chile (ICR), a leading provider of domestic credit ratings in Chile. The transaction follows Moody’s 2019 acquisition of a minority stake in ICR and will further strengthen its presence in Latin America’s domestic credit markets. Following the transaction, ICR will continue issuing domestic ratings in Chile under its own rating process and methodologies. In the following months, ICR will be fully integrated into Moody’s Local, a group of leading credit rating agencies in Latin America. “Today’s acquisition builds on our successful partnership with ICR and underscores our commitment to Chile’s growing debt capital market,” said Martin Fernandez-Romero, Managing Director of Moody’s Local. “Bringing ICR into Moody’s Local will enhance our ability to provide high quality credit ratings, research, and analytical services to market participants, while contributing to greater transparency in Latin America.” Founded
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom